Without access to your return, it's hard to tell what could be causing the problem, but if you follow the steps below you can allocate partnership income according to something other than ownership percentage (like profit percentage).
- Click on the Business Info tab and then click Partner/Member Information.
- If you wish to edit any of the partners' personal information or indicate that they left the partnership during the year, click on Edit next to the Partner's Name.
- Click Done.
- After a few screens you will come to Profit Percentages. Mark the box The partner loss or ownership percentages are different from their profit percentages. Click Continue.
- On the next Profit Percentages screen, you will see the Additional Special Allocations and Weighted Average Worksheet.
- The date(s) of ownership change will be listed. Under the dates there is a checkbox to allocate Schedule K amounts by Weighted Average Percentage. Check this box.
- In the Weighted Average Computation section, enter the Profit, Loss, and Ownership percentages for each partner before and after the ownership change. Use the scroll bar to get to each partner.
- Click Continue when finished.
The income should now be allocated on a Profit percentage basis.
[Edited | 3/20/2020 | 12:59 pm PDT]
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